J.F. Lehman & Company Acquires Aeronautical & GI Holdings Limited

For Immediate Release

August 26, 2014

NEW YORK – J.F. Lehman & Company (“J.F. Lehman”), a leading middle-market private equity firm focused on the defense, aerospace and maritime sectors, announced today that it has acquired Aeronautical & GI Holdings Limited, and its wholly owned subsidiaries Aeronautical & General Instruments Limited (“AGI”) and Hoffman Engineering Corporation (“Hoffman”) (collectively, “AGI Holdings” or the “Company”).

AGI Holdings is a leading global provider of proprietary situational awareness and LED lighting systems for naval vessels, military and commercial aircraft and military ground vehicles. The Company’s core product lines include naval visual landing systems, wind and speed sensor systems for naval and aviation applications, expeditionary airfield lighting, aircraft and ground vehicle lights, and night vision test equipment. AGI, headquartered in Poole, U.K., and Hoffman, based in Stamford, CT, collectively serve hundreds of customers in over 50 countries.

“AGI Holdings provides a differentiated portfolio of highly engineered sensor and lighting products and has an exceptional track record of quality and performance,” said Steve Brooks, Partner at J.F. Lehman. “The Company’s best-in-class offerings have resulted in diversified, long-standing positions with leading military and commercial customers on many platforms worldwide. We are looking forward to partnering with management to drive further success and capitalize on new growth opportunities.”

Jones Day provided legal counsel to J.F. Lehman & Company. Miller & Chevalier advised in the area of government contracting and import / export compliance. Debt financing for the transaction was arranged by BNP Paribas.

J.F. Lehman & Company is a leading middle-market private equity firm focused exclusively on the aerospace, defense, maritime, government and environmental sectors. The firm has offices in New York and Washington, D.C.